NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Lincoln International, a global mid-market investment banking advisory firm, is pleased to announce that Livermore Software Technology Corporation (LSTC) has entered into a definitive agreement to be acquired by ANSYS, Inc. (ANSYS) (ANSS). The purchase price for the transaction is $775 million, of which 60% of the consideration will be paid in cash and 40% will be paid through the issuance of ANSYS common stock to the current owners of LSTC.

PITTSBURGH, Sept. 11, 2019 /PRNewswire/ -- ANSYS (ANSS), the global leader and innovator of engineering simulation software, announced today that it has entered into a definitive agreement to acquire Livermore Software Technology Corporation (LSTC), the premier provider of explicit dynamics and other advanced finite element analysis technology. Once closed, the acquisition will empower ANSYS customers to solve a new class of engineering challenges, including developing safer automobiles, aircraft and trains while reducing or even eliminating the need for costly physical testing. The purchase price for the transaction is $775 million, of which 60% of the consideration will be paid in cash and 40% will be paid through the issuance of ANSYS common stock to the current owners of LSTC.

Canonsburg-based ANSYS Inc. (NYSE: ANSS) and Lawrenceville-based Edge Case Research announced an agreement Tuesday to integrate their respective autonomous vehicle technologies — ECR’s artificial intelligence perception stress testing and risk analysis system Hologram with ANSYS’s autonomous vehicle simulation technologies. Hologram collects real-world data and picks out the “tough spots” where AVs have trouble. ANSYS’s technologies can then run in-depth simulations on those edge cases, or unusual road situations a self-driving vehicle might encounter. “Edge Case Research has an interesting offering that complements what ANSYS has to offer in a very positive way,” Sandeep Sovani, director of the global automotive industry at ANSYS, said.